Reynolds Consumer Products Inc. (REYN) released earnings for first quarter that decreased from last year in line with the Street estimates.
The company's bottom line came in at $31 million, or $0.15 per share. This compares with $49 million, or $0.23 per share, last year.
Excluding items, Reynolds Consumer Products Inc. reported adjusted earnings of $49 million or $0.23 per share for the period.
Analysts on average had expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.8% to $818 million from $833 million last year.
Reynolds Consumer Products Inc. earnings at a glance (GAAP) :
-Earnings: $31 Mln. vs. $49 Mln. last year.-EPS: $0.15 vs. $0.23 last year.-Revenue: $818 Mln vs. $833 Mln last year.
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